Commerce (English Medium)
Arts (English Medium)
Academic Year: 2018-2019
Date: मार्च 2019
Duration: 3h
Advertisements
(ii) Marks for questions are indicated against each question.
(iv) Question Nos. 5 - 6 and 17 - 18 are short-answer questions carrying 3 marks each. Answers to them should normally not exceed 60 words each.
(vi) Question Nos. 10 - 12 and 22 - 24 are long-answer questions carrying 6 marks each. Answers to them should normally not exceed 100 words each.
Fill in the blank.
If the market supply of a commodity X changes due to improvement in technology, the market supply curve will ___________.
Chapter: [3] Production and Costs
Fill in the blank.
If the market supply of a commodity X changes due to a rise in the price of factor input, the market supply curve will ____________.
Chapter: [3] Production and Costs
Choose the correct alternative from given options:
The average product curve in the input-output plane, will be ____________.
an 'S' shaped curve
an inverse 'S' shaped curve
a 'U' shaped curve
an inverse 'U' shaped curve
Chapter: [3] Production and Costs
Choose the correct alternative from given options:
Average fixed cost curve ____________.
is a straight line parallel to X-axis.
is straight line parallel to Y-axis.
falls, as more units are produced
rises, as more units are produced
Chapter:
MCN = TFCn – TFCN – 1
MCN = ACN – ACN – 1
MCN = AVCN – AVCn – 1
MCN = TCn – TCN – 1
Chapter:
Choose the correct alternative from given options:
In the given figure, the movement on the production possibility curve from point A to point B shows _____________.
Growth of all the resources in the economy.
Underutilisation of resources.
Production of more units of Good X and less units of Good Y.
Production of more units of Good Y and less units of Good X.
Chapter: [1] Introduction
Identify and discuss the nature of the following newspaper reports in terms of positive or normative economic analysis:
(i) "India jumped 23 points in the World Bank's ease of doing business index to 77th place, highest in 2 years." – The Economic Times
(ii) "Government should further liberalise the business rules." – The Economic Times
Chapter: [1] Introduction
Good X and Good Y are substitute goods. If price of Good X increases, discuss briefly its likely impact on the demand for Good Y.
Chapter:
If the income of a consumer increases, discuss briefly its likely impact on the demand for a inferior good, Good X.
Chapter:
Complete the following cost schedule :
| Quantity (in Units) | 0 | 1 | 2 | 3 | 4 |
| Total cost (in ₹) | 200 | ....... | ....... | ....... | ....... |
| Total variable cost (in ₹) | 0 | ....... | 180 | ....... | ....... |
| Average variable cost (in ₹) | ....... | 100 | ....... | 80 | ....... |
Chapter:
Answer the following question.
In the given diagram, OP is the market-determined price, and OP1 is the price fixed by the government.
Chapter: [4] The Theory of the Firm Under Perfect Competition
Suppose the demand and supply equations of a commodity X in a perfectly competitive market are given by :
Qd = 1700 – 2P
Qs = 1300 + 3P
Calculate the value of equilibrium price and equilibrium quantity of the commodity X.
Chapter: [4] The Theory of the Firm Under Perfect Competition
Advertisements
Answer the following question:
Explain the law of diminishing marginal utility using a hypothetical schedule.
Chapter:
Answer the following question:
What is the budget line? Why the budget line is left to right downward sloping?
Chapter:
What is meant by “diminishing returns to a factor”?
Chapter:
Mention two causes of decreasing returns to a factor.
Chapter:
Elaborate three main features of an oligopoly form of market.
Chapter:
Distinguish between perfect competition and monopolistic competition on the basis of the following:
- Number of sellers
- Nature of product
- Selling cost
Chapter:
Answer the following question.
If the price of a commodity rises by 40% and its quantity demanded falls from150 units to 120 units, calculate the coefficient of price elasticity of demand for the commodity.
Chapter:
Define fiscal deficit.
Chapter: [5] Government Budget and the Economy
Answer the following question.
Give any two examples of the flow concept.
Chapter:
Suppose in a hypothetical economy, the income rises from ₹ 5,000 crores to ₹ 6,000 crores. As a result, the consumption expenditure rises from ₹ 4,000 crores to ₹ 4,600 crores. Marginal propensity to consume in such a case would be __________.
0.8
0.4
0.2
0.6
Chapter:
If in an economy :
Change in initial Investment (∆I) = ₹ 700 crores
Marginal Propensity to Save (MPS) = 0.2
(a) Investment Multiplier (k)
(b) Change in final income (∆Y)
Chapter:
Advertisements
Answer the following question.
Define the problem of double counting in the computation of national income. State any two approaches to correct the problem of double counting.
Chapter:
Answer the following question.
Gross Domestic Product (GDP) Does Not Give Us a Clear Indication of Economic Welfare of a Country. "Defend Or Refute the Given Statement with Valid Reason.
Chapter: [2] National Income Accounting
Discuss the working of the adjustment mechanism in the following situations:
Aggregate demand is greater than the aggregate supply.
Chapter:
Discuss the working of the adjustment mechanism in the following situation:
Ex Ante Investments are lesser than Ex Ante Savings.
Chapter:
Answer the following question.
How are capital expenditure different from Revenue expenditure? Discuss briefly.
Chapter: [5] Government Budget and the Economy
Answer the following question.
State and discuss the components of Aggregate Demand in a two-sector economy.
Chapter:
Answer the following question.
In the given figure, what does the gap 'KT' represent? State any two fiscal measures to correct the situation.
Chapter: [5] Government Budget and the Economy
Answer the following question.
State any two components of the M1 measure of the money supply.
Chapter:
Answer the following question.
Elaborate any two instruments of Credit Control, as exercised by the Reserve Bank of India.
Chapter:
Answer the following question.
What role does it play in determining the credit creation power of the banking system? Use a numerical illustration to explain.
Chapter:
Given the following data, find the missing values of ‘Private Final Consumption Expenditure’ and ‘Operating Surplus’.
| S.No. | Particulars | Amount (In ₹ crores) |
| (i) | National Income | 50,000 |
| (ii) | Net Indirect Taxes | 1,000 |
| (iii) | Private Final Consumption Expenditure | ? |
| (iv) | Gross Domestic Capital Formation | 17,000 |
| (v) | Profits | 1,000 |
| (vi) | Government Final Consumption Expenditure | 12,500 |
| (vii) | Wages & Salaries | 20,000 |
| (viii) | Consumption of Fixed Capital | 700 |
| (ix) | Mixed Income of Self Employed | 13,000 |
| (x) | Operating Surplus | ? |
| (xi) | Net Factor Income from Abroad | 500 |
| (xii) | Net Exports | 2,000 |
Chapter:
Answer the following question.
Define "Trade surplus". How is it different from "Current account surplus"?
Chapter: [6] Open Economy Macroeconomics
Answer the following question.
"Indian Rupee (₹) plunged to an all-time low of ₹ 74.48 against the US Dollar ($)".
− The Economic Times
In light of the above report, discuss the impact of the situation on Indian Imports.
Chapter: [4] Determination of Income and Employment
Other Solutions
Submit Question Paper
Help us maintain new question papers on Shaalaa.com, so we can continue to help studentsonly jpg, png and pdf files
CBSE previous year question papers Class 12 Economics with solutions 2018 - 2019
Previous year Question paper for CBSE Class 12 Economics-2019 is solved by experts. Solved question papers gives you the chance to check yourself after your mock test.
By referring the question paper Solutions for Economics, you can scale your preparation level and work on your weak areas. It will also help the candidates in developing the time-management skills. Practice makes perfect, and there is no better way to practice than to attempt previous year question paper solutions of CBSE Class 12.
How CBSE Class 12 Question Paper solutions Help Students ?
• Question paper solutions for Economics will helps students to prepare for exam.
• Question paper with answer will boost students confidence in exam time and also give you an idea About the important questions and topics to be prepared for the board exam.
• For finding solution of question papers no need to refer so multiple sources like textbook or guides.
